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There are a number of important innovations which are expected to play a pivotal role in the introduction of Web 2.0. Some of these innovations are applications that are web based. One of the most powerful tools that has allowed this is Ajax.
Rich Internet applications have been responsible for enhancing the browsing experience of users. With these applications, a page can make a request for an update for various portions of the content, and the content that is altered can be presented in the browser. The cool thing about this is that users will not have to refresh the browser to see these changes.
Web 2.0 indeed helps alot on the internet services especially those service providing sector, but it's just an addon. Just like how internet comes about, just an improvement of living. There shouldnt be too much dependence on it.